Prevas AB (PREV_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So looking into the second quarter of 2026 for Prevas. Prevas delivered a stable revenue performance in a quite cautious market. We delivered 405.1 million SEK versus last year, 408.8. That equals a negative growth of 0.9%. The EBITDA was clearly below our ambitions. The EBITDA adjusted for restructuring was 23.1 million SEK, 5.7%. During this quarter, we have made several initiatives in the group to reach a more agile and efficient organization for future profitable growth. And we have taken restructuring costs of a total of 8 million SEK during the quarter. We also during this quarter had a negative EBITDA in Finland that affected the EBITDA, of course. And that was due to the restructuring costs we have taken for a change program, which I will come back to later on in the presentation. We had postponed projects in Finland and also low utilization. Excluding Finland, Prevas as a group delivered improved EBITDA versus last year. We delivered, excluding Finland, 6.6% in EBITDA for the second quarter. The reported EBITDA was 3.7% equals to 15.1 million SEK. The operating cash flow continued to be strong. We've delivered 42 million SEK in operative cash flow for the quarter compared to last year of 49.6. EPS 0.5 SEK versus last year 0.73. But all in all, if we look into the second quarter, it was clearly below our ambitions. And to be honest, I'm not satisfied with what we are delivering. The quarter was mainly impacted by Finland and the restructuring cost of 8 million SEK. We have taken necessary actions throughout the group to increase efficiency and to reach improved profitability and growth for the future. Looking into the business in Prevas as a total, we can see that the underlying business continues to improve. We have a continuous trend with increased utilizat...